Analyst Actions: Ford Motors to New 52-Wk High on Moody’s Credit Upgrade

03:24 PM Eastern Daylight Time, 03/17/2010 (MidnightTrader) — Ford Motor Co. (F) has set a new 52-week high at $14.11 in late afternoon trade, after Moody’s Investors Services lifted its credit rating on the company on the prospect of improved operating and financial performance.

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The stock opened up 6 cents at $13.55 and hasn’t looked back. It’s trended higher throughout the session, but made a major move just after 2 p.m. on the Moody’s news. The rating agency raised Ford’s credit rating to "B2â?³ from "B3," and said it look at making future upgrades.

After hitting a new 52-week high, profit-taking rolled back some of the advance, leaving the stock up 3.26%.

"The company’s restructured business model will generate significantly improved operating and financial performance. The strength of this model is supported by a robust new- product program, a more disciplined approach toward production levels and incentives, the expanding cost benefits associated with the new [United Auto Workers] agreement, and solid progress in globalizing platforms and product offerings," a Moody’s analyst wrote.

Price: 13.93, Change: +0.44 , Percent Change: +3.26